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Broader markets, however, saw some profit-booking as Nifty Midcap 100 and Nifty Smallcap 100 indices slipped up to 0.6 percent.
Strength in banking stocks, rupee, and easing bond yields were some of the major factors behind Nifty#39;s record high move, say analysts
While the benchmarks inched higher, trend in the broader market remained subdued. Analysts blame the frothy valuations in the small and mid-cap space after their recent bull run as the reason behind profit booking by investors.
Top gainers on the Nifty were Grasim Industries, Bajaj Finserv, Bajaj Auto, ICICI Bank and Cipla, while losers were Coal India, SBI Life Insurance, LT, Wipro and HDFC Life
There is tremendous investor confidence among domestic investors. Even when FPIs are selling occasionally, like in October and November, domestic investors are showing confidence in the market, backed by fundamentals, said Nilesh Shah, CEO, Kotak MF.
All indices were trading in the green even as fear gauge the India VIX soared 5.14 percent